Magnesium price upturn fails to underpin Chinese ferro-silicon market

Ferro-silicon prices in China continued to edge lower in the week to Wednesday April 14, with recent gains in the downstream magnesium market failing to provide support.

Fastmarkets’ weekly price assessment for ferro-silicon 75% Si min, in-whs China was 6,900-7,000 yuan ($1,056-1,071) per tonne on Wednesday, down by 2,000-3,000 yuan per tonne (3.5%) from 7,100-7,300 yuan per tonne a week earlier.

Ferro-silicon serves as a reducing agent in the production of magnesium, and prices for the latter have risen recently due to an increase in prices for coal – another raw material used...

Published

Jessica Long

April 15, 2021

08:12 GMT

Shanghai